One of our agents recently went out door-knocking. Our cold-call case of the week shows us why Life Insurance Reviews are so good for agents and clients.
The client is a 73 year old female, non-smoker. She had the following policies in effect.
Current Life Insurance Policies
|Policy||Premium||Cash Value||Death Benefit|
If we take her cash value of $393,516 and drop it into a new policy with John Hancock, we have 5 really great options to choose from.
Options with John Hancock
|Description||Death Benefit||LTC monthly benefit|
|1. Everything the same (apples to apples)||$1,475,209||None|
|2. No Premium, Life Only||$835,992||None|
|3. No Premium, Life with LTC||$786,640||$31,466|
|4. $3,183* premium, Life Only||$1,000,000||None|
|5. $4,513* premium, Life with LTC||$1,000,000||$40,000|
This is a case with a HUGE COMMISSION!